Electrically-operated coupon-cutting machine.



G. A. HOBART.

ELEGTBIGALLY OPERATED courou CUTTING MACHINE.

APPLICATION FILED MAY 22, 1912.

1,94%436. Patented Oct. 29, 1912.

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ELEGTRIGALLY OPERATED COUPON CUTTING MACHINE.

' APPLICATION FILED MAY 22, 1912. 1,%2,%36,

Patented Oct. 29, 1912,

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ELEOTEICALLY-Q?EEATED GOUEON-CUTTING MACHINE.

11 My invention relates to machines for cutting coupons from bonds or similar papers, and the Object thereof is to provide an electrically operated coupon cutting machine which will make right-angular cuts in a ,5 bond or other paper and collect the coupons thuscut from the bond in a position such that they may be readily grasped by the i operator and removed from the machine; to provide an electrically operated coupon cut- 2o ting machine which'will be simple in construction and reliable in operation; and to provide such other improvements in and relating to coupon cutting mechanism as are hereinafter more fully and at length referred to.

ll ith the above and other objects of invention in view, my invention consists in the improved electrically operated coupon cutting machine illustrated in the accomspecification, and particularly claimed, and in such variations and modifications thereof as will be obvious to those skilled in the art 5 to which my invention relates. v Referring to the drawings wherein the preferred embodiment of my invention is illustrated; Figure 1 is a View showing my improved electrically operated coupon cutting machine in side elevation; Fig. 2 is a view showing the same, in plan; Fig. 3 is a view showing a sectionot the same upon a central vertical plane; Fig. 4 is 'a-fragmentary View taken upon a ye'rtical plane indicated by the line 4%, Fig; 2; Figs. 5 and 6 arefiagmentary views illustrating detail features of construction and operation to be Fig; -7 ice view referred to hereinafter} illustrating the electrics r aturesot my de- 8 is a View yicediagrammatically; i l.

59 illustrating certain control ing mechanism lot the electrical features of my device, the View being in side elevation with parts brokenaw'ay, except as to the incl'osing casing which is shown insection"Fig. 9 is a similar view, with the-control Soeciflcationof :Letters Patent.

Application filed may 22,

panying drawing, described in the following i Patented (Oct. 29, 1912... i912. Berial no. 699,020.

:nisin in plan; and Fig. 10 is a view showing a certain stop used in my device.

! Referring to the drawings wherein the preferred embodiment of my invention is illustrated, the reference character 11 desighates the main frame of the machine, the i same being of a form suitable to supportin l proper manner all of the operating parts thereof, although the controlling mechanism for the circuits whereby the operating {noid is controlled may be, and is in drawing, shown as supported by a frame, the controlling mechanisn form of my invention illus drawings being separate fro ing portion thereof.

l 'lhe frame ll is provided with vertically l extending posts 12 at one end thereof, which eserve as a support for a solenoid which glS the source oil power whereby the cutting l mechanism of my machine is operated. l'ho said solenoid comprises two heads 1l5, ihe former being shown as supported upon the upper ends of the posts 12. [i sleeve 16 connects the upper and lower heads of the solenoid and serves to complete the magnetic circuit thereof, the several parts thereof being formed of iron, as will be unk derstood. 1 The reference character 1? designates an iron core, and 18 is a sleeve of: non-magnetic material upon which a coil 19 is wound, this coil in turn being surrounded by a second coil 20. i 7 While l have shown the operat-ingsolenoid in the form of an electro-magnetbecause of the iron casing formed by the heads 5 and sleeves within which a coil iscontained, it will be understood that a solenoid comprising a coil only may be employed.

reciprocating plunger made of iron .and which, when acted upon by the solenoid, is drawn upward within the non-magnetic sleeve 18, as will be understood, the upper end of this core being preferably made coni cal so as to conform closely with the come cal lower endo fthe core 17. A rodv 2% er 21 and serves to communicate motion romthe same to the-cutting mechanism of my device when-the solenoid is energized and the plunger drawn upward.

Secured to the end of the frame 11 oppo ling mechasite the solenoid 13 is a stationary knife 23 soletl The reference character 21 designates a extends upward from the reciprocating plu-nfilm right angular in outline in order that the machine may out along two sides of a coupon in severing the same from a bond, as will be understood from Fig. 2 of, the drawing. The frame 11 is cut away on one side beneath the knife '23 as shown at- 24, Fig. 4, in order that coupons cut from bonds and stacked or asse'mbled as hereinafter explained may be removed from the machine through said opening.

A reciprocating knife 25 is adapted to 'cooperate with the stationary knife '23 in cutting a coupon from a bond, this knife being carri ed by a reciprocating knife carrier 26 shown as in the form of a bifurcated. frame having arms 27, which arms are pivotally secured to the posts 12 and 28'in order that the free end of theframe to which the movable knife is secured may move with reference to the stationary knife and bring the two knives into cutting engagement with one another. The movable knife 25 is somewhatwider at its rear ends than at 111s apex,

.as shown in Fig. 4, in order thata shear cut may be obtained as the knives pass one another. The movable knife corresponds in form with-the stationary knife, as will be understood, and the portion oft-he knife carrying frame 26 along which the movable knife is secured is preferably ofabout the same thickness as the height of the mo-vable knife, as shown in Fig. 4,'in orderthat as the coupons are mbved transverse to the knives, as will be hereinafter explained,

-the edges of the coupons will not engage the cutting edge of the movable knife.

nism shown in thedrawing comprisinga lever 31 pivoted at about its middle 'to an arm 32. extending from the upper head 14 of the electro-magnet, one end of said lever being operatively engaged by the upwardly extending rod 22 hereinbefore referred to" and the other end thereof being [connected with the knife carrier through" a link 33; the ends of which are pivotally connected, respectively, with said knife carrier and with the lever v31 at 34 and 35.- A suitable handle '86 is also providedwhereby thema-.

chine may be operated manually if desired."

The reference character 37 designates suitable springs, the lower ends of which are supported from the frame 11 and the upper ends of which engage the knife carrier 26 ward movement 0 to thereby force 'it upward and separate the knives from one another, which movement also forces the reciprocating plunger downward and out of the solenoid whereby it is operated, as will be understood.

The knife carrying frame 26 is provided with slots 38 within which adjustable ides 39 are located, these guides being sl dable along the slots in order to adjust the ma- .chine for cutting coupons of various sizes.

The coupons after being cut from the bond pass downward and are pressed agalnst a spring,40 or equivalent resilient support,as shown in Fig. 3 of the drawmg, after which each separate coupon is, upon .the upward or return movement of the knife carrier, moved transverse to the knlves in order that the entire number'of coupons severed during a run of the machine may be caused to occupy aposition with two of their sides beneath the stationary knife 23, which overhangs the portion of the frame along which itextends', as shown in Figs. 2, 3 and 4, and extends across the opening 24, as explained. The coupons are pressed upward against the under side of the stationary knife by the spring. 40, the

knife thus forming'a stop for limiting upthe coupons.

The movement above referred to imparted to-each successive coupon brings one of the s de edges thereof into contact with a 'vertical portion 41 of the. frame of the machine, and its forward corner against a stop 42 at n the front of'the machine, the other edge'of 100 the coupon lying in the opening 24. as shown at 43, Fig. 2 through which they are removed at the end of a run. Successive cou; pons w1ll be stacked, and all will be supported by the resilient support 40 with their several edges beneath the stationary knife 23 and against the stop 41, with their corners against the stop42, until such time as it is desired to remove the bundle of coupons from the machlne, at which time they are grasped and their corners moved to clear -the stop 42, whereupon they may be with-- drawn from the machine.

Themechanism whereby each successive coupon 1s moved transverse, to the knives upon the upward movement of the knife carrier 26 is shown ascomprising an oscillating member 44pivotally supported at 45,

to the knife. carrier, movement of which member in a counter-clockwise direction 120.

about the pivot 45 is opposed by a spring 46 connected with said member and with the knife carrier. The-pivoted member 44' is commonly provided with a surface of rubber or similar material'47 whereby it. may ob iaina firm grip upon the coupon. The said member is provided with a projectingjlug upon one side, andv 49 is a stationary I mem er shown as supported from the guard 29 by means of a cross-bar 50, the "lower end Loaaeac of said stationary member being adapted to engage the lug 48 upon movement of the knife carrying frame 26 as shown in Figs.

5 and 6.

Fig. 5 of the drawing shows the knife carrying frame as in its upper position. As the frame is moved downward, a coupon is severed and carried downward against the resilient support it), the pivoted member 44- engaging the upper surface of the coupon as shown in Fig. 6. lhis movement is of sutiicient extent to carry the lug 48 below the stationary member 4-9, as shown iii Fig. 6, wherein the parts are in theh lowermost position, the said stationary member finally occupying a position above the lug shown. Upon the return or upward movement of the knife carrier 26, the stationary member a9 engages the lug 48 which, during-the upward movement of said carrier, causes the oscillating member 441 to move upon its pivot 45, and, as the resilient support keeps the coupon pressed against the periphery of the pivoted member 44 during the ,greater part of the upward movement. of the carrier 26, it will be understood that as the member it moves about the pivot 15 the coupon engaged by it will be pushed toward the right, referring to Fig.- 6, and moved. transverse to the knives until its edges engage the stops 41, 42, above referred to. Each separatecoupon will be acted .upon in the same manner, and all of them will be supported by the spring or an equivalent support, so that all the coupons severed during a run 'of the machine will be assembled, stacked,

' and arranged with their edges superposed in position to be readily grasped by the operator and removedat the end of a; run of the machine.

.The electrical operating features of my machine are designed and arranged so that when a coupon is to be severedth'e mo?- able knife makes a down stroke and immediately returns to its original position outflmatically, in" order that current may not pass through the solenoid and hold the movable knife in its lowermostposition, thus wasting energy, should the operator fail to break the circuit through the solenoid after the coupon has been severed. The pre: ferred form of the means whereby this up eration is accomplished is illustrated in Figs. 7 to 9 inclusive, wherein the reference character 51 designates a switch lever, one end of which is pivotally supported at 521, and the other end of which carries a resiliently supported circuit closer 53 designed to engage terminals 54 secured to a block of insulating material 55. The terminals "'54 are included in a normally open circuit which also includes the solenoid whereby the reciprocatingplunger 21 is operated, the ends of said circuit being shown at 56, so that when the circuit closing element 53 is brought into contact with the terminals 54, a current of electricity will flow through and energize the solenoid.

The switch lever 51 is moved to close the circuit as above explained by means of a manually operated lever or pedal 57, one end of which is pivotally supported at 58 and the other end of which is provided with a foot-piece or handle 59; and which man ually operated lever is operatively and detachably engaged with the switch lever 51 through a trigger member 60 having a shoulder 61 in engagement with a similar shoulder 62formed upon a latch 63 secured to the switch member 51 so that upon movement of the trigger member (30 to the left, Fig. 8, the levers will be disengaged from one another; whereupon a spring 65 which acts upon the switch lever 51, will move it upward and break the circuit at the terminal 54, the circuit being made at these terminals as the manually operated lever 57 is moved downward, during which movement it carries the switch lever 51 with it, as above explained. A spring 66 serves to return the lever 57 to its initial position and cause the shoulders 61, 62 to again engage with one another preparatory to another downward movement of the switch lever 51, as will be understood.

The trigger member 60 is automatically operated to disengage the levers 51 and 57 hill from one another by means of an electrober 60 moved to disengage the levers 51 and 57, the upper end of the trigger member having a bar 68, shown in Figs. 8 and 9,

which is attracted by the magnet, as will be.

understood.

lhe circuit closer included in the circuit which also includes the electro-magnet 67 is shown as carried by the lower head 15' of the magnet 13 and as comprising two spring members which may be brought into contact with one another by an arm 70 located at the lower end of the reciprocating plunger 21,

so that as said arm engages the lbwerof the springs above referred to, it is pressed against the upper s ring and the electromagnet 67 energize thereby breaking the main solenoid circuit at the terminals 54 and permitting the knife carrier to return to its initlal upper position, as above explained. e The mechanism whereby the solenoid is controlled is shown as contained within a casing 71 which may be secured to the floor adjacent the machine, although it will be understood that this cont-rolling mechanism and the cut-ting mechanism of my improved bond cutting device may be all supported by a single frame or casing.

Fig. 7 illustrates in diagram the electrical connections whereby the reciprocating plunger is operated. In this figure, the coarse and fine coils are shown as arranged tandem instead of superposed; and electricity passes from any, suitable source magnet 67 being connected in shunt with the 261 coarse winding, and the fine wire coil being in series with the electro-magnet. After the electro-magnet has acted upon the trigger member 60 and released'the switch lever 51, the circuit closing member 53 is removed from the terminals 54,. and flow through both the coils of the solenoid and the electro-magnet is interrupted.

Having-thus described and explained my invention, I claim and desire to secure by Letters Patent:

'1. In a device of the class described, a suitable frame; a knife supported by said frame; a knife carrier, one end of which is pi'votally supported from saidframe and the other end of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; an oscillating lever the middle portion of which is pivotally supported from said frame, one

40 end of said lever being operatively connected with said plunger-and the other end ofv which lever is operatively connected with said knife carrier; and a solenoid for operating said plunger.

suit-able frame; a knife right angular in form supported by said frame; a reciproicating knife carrier; means for guidingsaid knife carrier in its movements; a knife carried by said carrierand similar in form to said first mentioned knife and adapted to cooperate therewith; a reciprocating plunger; asolenoid for operat ng said plunger and means whereby said knife carrier is operated by saidplunger.

3. In a device of the class described, a

suitable frame; a knife supported by said frame; a knife carrier in the form of a bifurcated frame, the two arms ofwhichare pivotally secured to said first mentioned frame; a knife carried by said carrier and adapted to cooperate with said first mentioned knife; a pivotally supported lever; a reciprocating plunger operatively connect- 55 ed with one end of said lever; a link; the

suitable frame; a frame; a reciprocating knife carrier; means for guiding said knife carrierin its movements; a knife carried by said carrier and :adapted to cooperate with said first men- 2. In a device of the class described, a

ends Of WhlOh are pivotally connected respectively with the other end of said lever and with said knife .carrier;and a solenoid for operating said plunger.

,connected with said plunger; means de- Ipendent for its operation upon movement of said plunger for interrupting the action of said solenoid at the end of the movement of said knife carrier inone direction; and v means/for returning said knife carrier to its initial position. l g 5. In a device-of the .class described, a suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knife carrier in its movements; a knife carried by saidcarrier and adapted to-cooperate with said first men- .tioned 'knife; a reciprocating plunger; a solenoid for operatingsaid plunger; a normally, open circuit in which said solenoid is included; a manually operable switch for closing said circuit; means dependent for ;its operation upon movement of said plunger for. operating said switch to open said circuit at the end of g'the. movement of said knife carrier in one direction; andmeans ;for returning said. knife carrierto its original position. i v 6. Ina device of the class described, a

knife supported by said tioned knife; a reciprocating plunger; a solenoid for operating said plunger; anor mally open circuit in whichsaid. solenoid is included; a manually operable switch for closing said circuit; an electro -magnet for controlllng said manually operable switch,

the same being included ina circuit in shunt Wlilh reference to said first mentioned sir-- Cult; means for controlling said shunt -c1rcuit; means for operating said shunt circuit controlling means at the end of the vmovement of said knife carrier in one directum; and means for returning said knife carrier to its original position.

7. In a device" of the class described, a-

suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said lmife carrier in'its movements; a knife carried by'said carrien and adapted tocooperate with said first mentioned knife; a reciprocating plunge a solenoid for operating said'plunger; a norare Loaaeae of said stationary member being adapted to engage the lug 48 upon movement of the knife carrying frame 26 as shown in Figs.

'5 and 6.

Fig. 5 of the drawing shows the knife carrying frame as in its upper position. As the frame is moved downward, a coupon is severed and carried downward against the resilient support 40, the pivoted member 44.- engaging the upper surface of the coupon as shown in Fig. 6. This movement is of suiticient extent to carry the lug 48 below the stationary member 1-9, as shown in Fig. 6, wherein the parts are in their lowermost position, the said stationary member finally ocmipying a position above the lug as shown. Upon the return or upward movement of the knife carrier 26, the stationary member it? engages the lug .48 which, during-the upward movement of said carrier, causes the oscillating member 4+1 to move upon its pivot 45, and, as the resilient support keeps the coupon pressed against the periphery of the pivoted member 514; during the ,greater part of the upward movement. of the carrier 26, it will be understood that as the member -14: moves about the pivot 15 the coupon engaged by it will be pushed toward the right, referring to Fig. 6, and moved transverse to the knives until its edges engage the stops 11, 42, above referred to. coupon will be acted upon in the same manner, and all of them will be supported by the spring or an equivalent support, so that all the coupons severed during a run of the machine will be assembled, stacked, and arranged with their edges superposed in position to be readily grasped by the operator and removed at the end of a run of the machine.

The electrical operating features of my machine are designed and arranged so that when a coupon is to be severedth'e movable knife makes a down stroke and immediately returns to its original position automatically, in order that current may not pass through the solenoid and hold the movable knife in its lowermost position, thus wasting energy, should the operator fail to break the circuit through the solenoid after the coupon has been severed. The pre: ferred form of the means whereby this op: eration is accomplished is illustrated in Figs. 7 to 9 inclusive, wherein the reference character 51 designates a switch lever, one end of which is pivotally supported at 52, and the other end of which carries a resili ently supported circuit closer 53 designed to engage terminals 54: secured to a block of insulating material 55. The terminals "54: are included in a normally open circuit which also includes the solenoid whereby the reciprocatingplunger 21 is operated, the ends of said circuit being shown at 56, so that when the circuit closing element 53 Each separate is brought into contact with the terminal 54, a current of electricity will flow through and energize the solenoid.

The switch lever 51 is moved to close the circuit as above explained by means of a manually operated lever or pedal 57, one end of which is pivotally supported at 58 and the other end of which is provided with a toot-piece or handle 59; and which manually operated lever is operatively and detachablyengaged with the switch lever 51 through a trigger member 60 having a shoulder 61 in engagement with a similar shoulder 62 formed upon a latch 68 secured to the switch member 51; so that upon movement of the trigger member 60 to the left, Fig. 8, the levers will be disengaged from one another; whereupon a spring 65 which acts upon the switch lever 51, will move it upward and break the circuit at the terminal 541, the

circuit being made at these terminals as the manually operated leverv 57 is moved downward, during which movement it carries the switch lever 51 with it, as above explained. A spring 66 serves to return the lever 57 to its initial position and cause the shoulders 61, 62 to again engage with one another preparatory to another downward movement of the switch lever 51, as will be understood.

The trigger member 60 is automatically operated to disengage the'levers 51 and 57 from one another by means of an electromagnet 67, which electro-ma-gnet is included in a normally open circuit provided with a circuit closing device 69, the operation of which is dependent upon "movement of the reciprocating plunger 21; so that after the solenoid 13 has been energized and the plunger 21 moved to a certain extent, the circuit in which the electro-magnetis included will be closed and the trigger member 60 moved to disengage the levers 51 and 57, the upper end of the trigger member having a bar 68, shown in Figs. 8 and 9,

- which is attracted by the magnet, as will be.

understood.

- The circuit closer included in the circuit- Which also includes the electro-magnet 67 is shown as carried by the lower head 15 of the magnet 13 and as comprising two spring members which may be brought into contact with one another by an arm 70 located at the lower end of the reciprocating plunger 21,

so that as said arm engages the lbwerof the springs above referred to, it is pressed against the upper s ringand the electromagnet 67 energize thereby breaking the main solenoid circuit at the terminals 541 and permitting the knife carrier to return to its initial upper position, as above explained. k The mechanism whereby the solenoid is controlled is shown as contained within a casing 71 which may be secured to the floor adjacent the machine, although it will be understood that this controlling mechanism both the coils of the solenoid and the elec &

and the cutting mechanism of my improved 'bond cutting device may be all supported by a single frame or casing.

Fig. 7 illustrates in diagram the electrical connections whereby the reciprocating plunger is operated. In this figure, the coarse and fine coils are shown as arranged tandem instead of superposed; and electricity passes from anyv suitable source magnet 67 being connected in shunt with the coarse winding, and the fine wire coil being in series with the electro-magnet. After the electro-magnet has acted upon the trigger member and released'the switch lever 51, the circuit closing member 53 is removed from the terminals 54,. and flow through tro-magnetis interrupted.

Having thus described and explained my invention, I claim and desire to secure by Letters Patent: I

l. In a device of the class described, a

suitable frame; a knife supported by said frame; a knife carrier, one end of which is pi'votally supported from saidframe and the other end of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; an oscillating lever the middle portion of which is pivotally supported from said frame, one end of said lever being operatively'connected with said plunger-and the other end of which lever is operatively connected with sa d knife carrier; and a solenoid for operating said plunger.

suitable frame; a knife right angular in form. supported by said frame; a recipromating knife carrier; means for guidingsaid knife carrier in its movements; a knife carried by said carrier'and similar in form to said first mentioned knife and adapted to cooperate therewith; a reciprocating plunger; a solenoid for operating said plunger; and means whereby said knife carrier is operatedby saidplunger.

' 3. In a device of the class described a vsuitable frame; a knife supported by said frame; 'a knife carrier'in the form of a bifurcated frame, the two arms ofwhich are pivotally secured to said first mentioned frame; a knife carried by sald carrier and adapted to cotiperate with said first men-- tioned knife; a pivotally supported lever; a reciprocating plunger operatively connect- 55 ed with one end of said lever; a link the suitable frame; a frame; a reciprocating knife carrier; means for guiding said knife carrierin its movements; a knife carried by said carrier and :adapted to cooperate with said first men- 2. In a device of the class described, a

noeaeae ends of which are pivotally connected respectively with the other end of said lever and with said knife carrier; and a solenoidfor operatingsaid plunger.

4. In a device of the class described, a suitable frame; a knife supported by said frame; a reciprocating knife carrier;,means for guiding said knife carrier in its movements; a knife carried by said carrier and adapted to cooperate with said first mentioned knife; a reciprocating plunger; a sol enoid for operating'said plunger; means whereby said knife carrier is operatively ,connected with said plunger; means dependent for its operation upon movement of said plunger for interrupting the action of said solenoid at the end of the movement Iof said knife carrier in one direction; and 6 means/for returning said knife carrier to its initial position.

5. In a dev1ceof the class described, a

[suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knife carrier in its movements; a knife carried by saidcarrier and ,adapted to-cooperate with said first mentioned 'knife; a reciprocating plunger; a solenoid for operating said plunger; a normally, open circuit in which said solenoid is included; amanually operable switch for closing said circuit; means dependent for its operation upon movement of said plun ger for operating said switch to open said circui-t'at the end ofa'the movement of said knife carrier in one direction; and" means ,for returning said knife carrier'to its original positlon.

or the class described, a knife supported by said 6. Ina device tioned knife; a reciprocating plunger; a soflenoid for operating said plunger; a'norj mally open circuit in whichsaid solenoid is included; a manually operable switch for closing -said circuit; an electro -magnet for controlling said manually operable switch,

the same being included in a circuit in shunt With reference to sald first mentioned err-- cult; means for controlling said shunt- C11- cuit; means for operating said shunt circuitcontrolling means at the end of the movement of said knife carrier in one direction; and means for returning said knife .carrier to its originalposition.

7. In a device of the class described, a

suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knife carrierin'its movements; a knife carried by said carries and adapted to cooperate with said first mentioned knife; a reciprocating plunge a s0- lenoid for operating said plunger; a nor- -'carr1er to its initial position.

insects mally 0 on circuit in Which said solenoid releasing means after said switch has been operated as aforesaid; a circuit in Which said electro-magnet is included; means dependent for its operation upon movement of said plunger for controlling the circuit in which said electro-inagnet is included; and means for returning said knife carrier to its original position.

8. .ln a device of the class described, a suitable frame; a knife supported by said frame; a knife carrier one end of wl'iich is pivotally connected with said frame and the other end of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; a solenoid for op erating said plunger; a normally open circuit in which said solenoid /is included; a manually operable leverfa switch lever adapted to close the circuit in which said solenoid is included; a spring acting in 01% position to movementof said switch lever in a direction to close said circuit; a trigger carried by one of said levers and in detachable engagement with the other; an electro-magnet adapted to act upon said trigger to disengage said levers from. one another; afnormally open circuit in which said electro-magnet is included; means included in said circuit for closing the some;

means dependent for its operation upon movement of said plunger for operating said circuit closing means to close the circuit in which said electro-magnet is included at the end of the movement of said knife carrier in one direction; and means for returning said knife carrier to its initial po- Sition.

9. In a device of the class described,. a suitable frame; a knife supported by said frame; a knife carrier one end of which is pivotally I the otherend of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; a pivotally supported lever with one end of which said reciprocating plunger is operatively connected and the other end of which lever is operatively connected with said knife carrier; a solenoid for operating said plunger; a normally open circuit in which said electr o-magnet is included; means included in said circuit for closing the same; means dependent for its operation upon movement of said plunger f5r operating said circuit closing means to-clos'e the circuit in which said electro=magnet is included at movement of said knife carrier in one direction; and" means for returning said knife ch to opeusaid connected with said frame and the end of the 10, In a device of the class described; a suitable frame; a knife supported by said frame; a knife carrier, one end of which is ivotally connected with said frame and she other end of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; a solenoid fer operating said plunger; a normally open circuit in which said solenoid in include a manually operable lever; a switch lever adapted to close the circuit in which said solenoid is included; a spring acting in opposition to movement of said switch lever in a direction to close said circuit; atrigger carried by said manually operable lever and in detachable'engagement with said switch lever; an electro-magnet adapted to act upon said trigger to disengage said levers from one another; normally open circuit in shunt with the circuit in which saidsolenoid is included, and in which shunt circuit said electro-magnet is included; a switch included in said shunt circuit for closing the same; means dependent for its operation upon movement of said lunger for operating said switch to close t e circuit in which said electro-magnet' is included at the end of the movement of said knife carrier in one direction; and means for returning said knife carrier to its initial position.

11. In a. device of the class described, a reciprocating plunger; a solenoid for operating said plunger; a normally open circuit in which said solenoid is included; a manually operable lever; a switch lever adapted to close thecircuit in which said solenoid is included; a spring actingin opposition to movement of said switch lever in a direction to close said circuit; a trigger carried by'one of said levers and in detachable engagement with the other; an electro-ma-gnet adapted to act upon said trigger to disengage said levers from one another; a normally open circuit in which said electro-magnet is in.- cluded; means included in said circuit for closing the same; and means dependent for its operation upon movement of said plunger for operating said circuit closing means to close the circuit inwhich said electrmmagnet is included at the end ofthe mgivement of said plunger in one direction.

12. In a device" of the class described, a

suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knife carrier in its movements; a knife carried by said carrier and adapted to cooperate with said first men,- tioned knife; means for operating said knife carrier; a support ada tedto receive coupons severed by said knives; a stop; and means adapted to act upon each successive cou on after ,it has been severed as afcre sai to move it transverse to said knives and against said stop.

13. In a dev ce of the class described, a

suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knife carrier in its movements; a knife carried by said carrierand adapted to cooperate with said first mentioned knife; a resilient support adapted to receive vcoupons severed by said knives; means carried by said knife carrier and adapted to act upon each successive coupon after it has been severed as aforesaid to move it transverse to said knives; and a stationary member carried by said frame and engaged by said coupon moving means whereby said'meansfis' actuated. I

14;. In a device of the class described, a suit-able frame; a knife supported by said frame; a reciprocating knifecarrier; means for guiding said knife carrier-in its movements; a knife carried by said carrier and adapted to cooperate with said first mentioned knife; a reciprocating plunger; a solenoid for operating said plunger; means whereby said knife carrier is operated by said plunger; aresilient support adapted to receive coupons severed by said knives; means carried by said knife carrier' and adapted to act upon each successive coupon after it has been severed as aforesaid to move it transverse to said knives; and a stationary member carried by said frame and engaged by said coupon moving'means whereby said means is actuated.

15. In a device "of theclass described, a suitable frame; a knife supported by said frame; a knife carrier one end of which is pivotally supported from said frame; and

the other end of which carries a knife adapted to cooperate with said first mentioned knife; means for operating said knife carrier; a support adapted toreceive coupons severed by said knives; a stop; and means adapted to act upon each successive coupon after it has been severed as aforesaid 'to. move it transverse to said knives; and

- against said stop.

16. In a device of the class described, a suitable frame; I a knife supported by said frame; .a knife carrier, one end of which is pivotally supported from said frame and the other end of whlch carries a knife adapted to co6perate with said first mentionl knife; a reciprocating plunger; a solenoidfor operating said plunger; means whereby said knife carrieris operated by said plunger; a resilient support adapted to receive coupons severed by said knives; means carried by said knife carrier and adapted to act upon each successive coupon after it has been severed as aforesaid to move it trans verse to said knives; and a stationary member carried by said frame and engaged by said coupon moving means whereby said means is actuated.

'17. In a device of the class described,'-a

Suitable frame; a knife supported by said ipaa iae v frame; aknife carrier, one end of.. which is pivotally supported from said frame and the, other end of which carries a knife adapted to cooperate with said first mentioned knife; a reciprocating plunger; a pivotally supported lever one end of which is operatively connected with said plunger and the a otherend 'of which is operatively' connected with said knife carrier; a solenoid for operating said plunger; a resilient supportv adapted to receive coupons severed by said .suitable frame; a knife supported by saidframe; a knife carrier in the formof a bifurcated frame the two argns of which are pivotally secured to said first mentioned frame; a knife carried by said carrier and adapted to cooperate with said first mentioned knife; a pivotally supported lever; a reciprocating plunger operatively connected with one end of said lever; a link the ends of which are pivotally connected respectively wit-h the other end of said lever and with said knife carrier; a solenoid for operatipg said plunger; a support-adapted to receive coupons severed by said knives; and

means adapted to act upon each successive coupon after 1t has been severed as aforesaid to move it transverse to sand knives.

19.In adevice of theclass described, a

suitable frame; a knife supported by said frame; a knife carrier in the form of a oi-- furcated frame, the two arms of which are pivotally secured to said first mentioned frame; a knife carried by said carrier, and,

adapted to cooperate with said first mentioned knife; a pivotally supported -lever; a reciprocating plunger operatively connected with one end of said lever; 'a link the ends of which are pivotally connected respectively with the other end of said lever and with said knife carrier; a solenoid for operating said plunger; a resilient support adapted to receive coupons severed by said knives; means carried by said knife carrier and adapted to act upon each successive cou-' pon after it has been severed as aforesaid to move it transverse to sald knives; and a stationary member-carried by said frame and engaged by said coupon moving, means whereby said means is actuated. 20. In a device of the class described, a suitable frame; a knife supported by said frame; a reciprocating knifeca-rrier; means for guiding said knife carrier in its movements; a knife carried by said carrier and adaptedto cooperate with said first mentioned knife; a reciprocating plunger; a

solenoid for operating said plunger; a normallyopen circuit in which said solenoid is included; a manually operable switch for closing said circuit; means dependent for its operation upon movement of said plunger for operating said switch to open said circuit at the end of the movement of said. knife carrier in one direction; means for returning said knife carrier to its original position; a resilient support adapted to receive coupons severed by said knives; means carried by said knife carrier and adapted to act upon each successive coupon after it has been severed as aforesaid to move it trans- ':verse to said kulves; and a stationary member carried by said frame and engaged by said coupon moving means whereby said means is actuated.

21. In a device of the class described, a suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding said knifecarrier in its movements; a knife carried by said carrier and adapted to cooperate with said first mentioned knife; areciprocating plunger; a solenoid for operating said plunger; a nor- Qmally open circuit in which said solenoid is included; a manually operable switch for closing said circuit; an electro-magnet for controlling said manually operable switch, the same being included in a circuit in shunt with reference to said first mentioned circuit; means for controlling said shunt circuit; means for operating said shunt circuit controlling means at the end of the movement of said knife carrier in one d-irection means 'jforreturning said knife carrier to its original position; a resilient support adapted to receivecoupons severed by said knives; means carried by said knife.

carrier and adapted to act upon each successivefcou'pon after it has been severed as aforesaid to move it transverse to said knives; and a stationary member carried by said frame and engaged by said coupon moving means whereby said means is actu ated. Y Y

22. In a device of the class described, a

suitable frame; a knife supported by said frame; a reciprocating knife carrier; means for guiding sald' knlfe car-rier in its movements; a knife carried by sald carrier and adapted to cooperate with said first mentioned knife; a reciprocating plunger; a solenoid for operating said plunger; a normally open circuit in which said solenoid is included; a manually operable switch for closing said circuit; a spring the tendency of which is to move said switch to open said circuit; means for releasing said switch; an

electro-magnetfor controlling said switch releasing means after said switch has been operated as aforesaid; a circuit in which said electro-magnet is included; means dependent for its operation uponmovement of 1 said plunger for controlling the circuit through said electro-magnet; means for returning said knife carrier to its orlginal position; a resilient support adapted to receive coupons severed by saidknives; means carried by said knife carrier and adapted to act upon each successive coupon after it has been severed as aforesaid to move it transverse to said knives; and a stationary 

